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Update on Marieta

Marieta lives in Vanadzor, Armenia, and is a mother of two children, a daughter and a son. She is a 50-year-old widow and it is clear how difficult it is to take care of her family alone. Recently her daughter got married and now she lives separately from the rest of the family. Marieta’s son is still a school-aged boy.

Marieta has been engaged in retail sales for eight years; her small store is very popular in her district. She brings the products she needs for her store from Yerevan wholesale markets in a rented car. In her store, one can find different kinds of products: household items, beautiful vases for flowers, crockery, shampoo and hair brushes, etc. The variety of it is very large, so you can buy anything you need. Marieta has already taken a loan from Kiva once, and the success and support that she has had from it encouraged her to ask for help again. She needs 800,000 Armenian drams (AMD) to increase her store’s household goods from Yerevan wholesale markets. In this way, she has decided to increase the income from her trading.

Previous Loan Details

Marieta H. is a widow; she lives in Vanadzor city with her two children. Her son is a student and her daughter is a teacher of psychology in one of Vanadzor's schools. For about five years Marieta has run her own business: clothes and household goods trading. She also offers a photocopying ... More from Marieta's previous loan »

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

To stay updated on loans from Armenia, please join the Armenia lending team at

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Marieta to increase her store’s stock of household items by buying merchandise from Yerevan wholesale markets.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 18, 2013
May 19, 2013
Currency Exchange Loss:
Oct 17, 2015